Flight Simulator Market Report – Trends & Forecast 2020-2030

Flight Simulator Market - Key Research Findings

• Adoption of flight simulators for military & defense applications will exhibit a healthy CAGR of 5% during the forecast period, 2020 to 2030.
• Demand for Fixed Flight Training Devices (FTD) continues to grow strong, on the back of their application in effective pilot trainings.
• Full Flight Simulator (FFS) sales will grow 1.5X between 2020 and 2030, though at a steady pace.
• Owing to proliferation of air travellers, especially in developing countries, civil applications of flight simulators will rise 1.4X during period of projection.
• North America leads the global flight simulator market, with a major revenue share of over 49%.

KEY FACTORS SHAPING FLIGHT SIMULATOR MARKET

Mounting Number of Air Passengers in Asia Pacific

Increasing preference for air travelling among consumers in developing countries of Asia Pacific is a central growth driver for the flight simulator market. This can be accredited to the increase in disposable income of consumers, further complemented by improving affordability of air travel. To cater to this demand, new domestic routes and pilots for the same are needed. This further increases the demand for flight simulators for training new pilots.

Countries such as India, and Indonesia are witnessing the birth of unicorn start-ups such as Flipkart, Gojek, Zomato, and Oyo. Expansion of such start-ups further increases international travelling frequency of passengers between Asia Pacific and North America & Europe. This increasing frequency of air travelling also drives an increase in investments of airline companies in training of pilots on international routes, using advanced flight simulators.

Increasing Civil Applications

Improving Aircraft Simulation Technology (AST) has become a top priority for aircraft manufacturers. Statutory agencies and laws such as the Federal Aviation Administration (FAA), and Federal Aviation Regulations, mandate the use of flight simulators for training pilots, which spurs the demand growth of flight simulators.

To capture maximum opportunities arising from the stringent federal aviation regulations, manufacturers are focusing on developing enhanced AST systems. Strategic mergers and acquisitions are thus being considered by key market players to consolidate technical expertise. For instance, Textron, L-3 Communications, and Lockheed Martin are acquiring commercial aircraft simulator competitors in a bid to dominate the civil aviation training segment.

COVID-19 Pandemic Impedes Emergence of Gainful Opportunities in Flight Simulator Market

As the world fights COVID-19 outbreak through social distancing, isolation, and lockdowns, airline companies and airports are compelled to temporarily suspend their operations to a great extent. Cancellation of flights due to government restrictions create a heap of financial burden in terms of reimbursements.

Further, these companies bear heavy operational costs from their cash reserves. Airport authorities are experiencing a massive loss each coming day, as there is no sale from duty-free, and other airport facilities. These factors are posing a direct impact on the near-term future of flight simulator manufacturers.

Since airline companies are exhausting their cash reserves on work-from-home salaries, ticket refunds for customers, and rescue operations for stranded nationals, investments in training of new pilots are naturally postponed for an unprecedented time. The uptake in demand can only be determined based on the recovery rate of the aviation industry.

Flight Simulator Market Structure Analysis

• The flight simulator market is moving towards consolidation, as major players are actively involved in strategic mergers and acquisitions.
• Integration of advanced technologies such as AR, VR, and AI to create enhanced pilot training environments is a key product differentiation strategy adopted by many players.
• For an instance, CAE has installed an in-house Research and Development department that dedicatedly works for leveraging technologies that enhance flight simulator training environments.

Report Scope

• Base Year - 2019
• Historical Period - 2015 to 2019
• Forecast Period - 2020 to 2030
• Segments Covered - Type, Application
• Regions Covered - North America, Latin America, Europe, South Asia & Oceania, East Asia, and Middle East & Africa
• Key Companies - CAE Inc., L-3 Communications Holdings Inc., Flightsafety International, The Boeing Company, Thales Group, Collins Aerospace, Airbus Group N.V., Indra Sistemas SA, TRU Simulation + Training, The Raytheon Company, Elite Simulation Solutions, Frasca International Inc., Precision Flight Controls Inc., Avion Group, and Simcom Aviation Training.
• Growth Drivers -
  • Increasing affordability of air travelling options in developing countries
  • Increasing stringency of pilot training regulations
  • Growing integration of next-gen technologies for achieving real-life flight simulations

Table of Content

• 1. Executive Summary
• 2. Global Overview
• 3. Key Market Trends
• 4. Key Success Factors
• 5. Market Risk & Assessment
• 6. Market Background
• 7. Global Size (USD Million) Analysis And Forecast, 2015 to 2030
• 8. Global Flight Simulator Pricing Point Analysis
• 9. Global Value Analysis And Forecast 2015 to 2030
  • 9.1. North America
  • 9.2. Latin America
  • 9.3. Europe
  • 9.4. East Asia
  • 9.5. South Asia & Oceania
  • 9.6. MEA
• 10. North America Value Analysis And Forecast 2015 to 2030
• 11. Latin America Value Analysis And Forecast 2015 to 2030
• 12. Europe Value Analysis And Forecast 2015 to 2030
• 13. East Asia Value Analysis And Forecast 2015 to 2030
• 14. South Asia & Oceania Value Analysis And Forecast 2015 to 2030
• 15. Middle East & Africa Value Analysis And Forecast 2015 to 2030
• 16. Global Flight Simulator Market; Emerging Countries Analysis
• 17. Country Analysis to Analysis 2015 to 2019 And Forecast 2020 to 2030
• 18. Competitive Assessment
• 19. Company Profiles
  • 19.1. Airbus Group N.V.
  • 19.2. CAE, Inc.
  • 19.3. L to 3 Communications Holdings, Inc.
  • 19.4. Flightsafety International
  • 19.5. The Boeing Company
  • 19.6. Thales Group
  • 19.7. Collins Aerospace
  • 19.8. Indra Sistemas SA
  • 19.9. TRU Simulation + Training
  • 19.10. The Raytheon Company
  • 19.11. Elite Simulation Solutions
  • 19.12. Frasca International, Inc.
  • 19.13. Precision Flight Controls, Inc.
  • 19.14. Avion Group
  • 19.15. Simcom Aviation Training
• 20. FMI Research Methodology
• 21. Disclaimer & Contact Information